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Forestar Group to Release Third Quarter 2015 Results on November 4, 2015

AUSTIN, Texas--(BUSINESS WIRE)--Oct. 14, 2015--
Forestar Group Inc. (NYSE: FOR) will release its results for third
quarter 2015 on November 4, before the market opens.

The company will host a conference call on Wednesday, November 4, 2015
at 10:00 a.m. ET to discuss results of third quarter 2015.

To access the conference call, listeners calling from North America
should dial 1-855-546-9555 at least 15 minutes prior to the start of the
call. Those wishing to access the call from outside North America should
dial 1-412-455-6094. The passcode is Forestar. Replays of the call will
be available for two weeks following the completion of the live call and
can be accessed at 1-855-859-2056 in North America and at 1-404-537-3406
outside North America. The passcode for the replay is 56791336.

The conference call may also be accessed through Forestar Group’s
Internet site, www.forestargroup.com,
by clicking on "Investor Relations – Investor Events".

About Forestar Group

Forestar Group Inc. operates in three business segments: real estate,
oil and gas and other natural resources. At second quarter-end 2015, the
real estate segment owns directly or through ventures over 111,000 acres
of real estate located in 11 states and 14 markets in the U.S. The real
estate segment has 11 real estate projects representing approximately
24,400 acres currently in the entitlement process, and 76 entitled,
developed and under development projects in ten states and 13 markets
encompassing over 10,700 acres, comprised of over 17,600 planned
residential lots and approximately 1,900 commercial acres. The oil and
gas segment includes approximately 935,000 net acres of oil and gas
mineral interests, with approximately 590,000 acres of fee ownership
located principally in Texas, Louisiana, Georgia, and Alabama, and
approximately 345,000 net acres of leasehold interests principally
located in Nebraska, Kansas, Oklahoma, North Dakota and Texas. These
leasehold interests include about 9,000 net mineral acres located
principally in the core of the prolific Bakken and Three Forks
formations. The other natural resources segment includes sale of wood
fiber and management of our recreational leases, and approximately 1.5
million acres of groundwater resources, including a 45% nonparticipating
royalty interest in groundwater produced or withdrawn for commercial
purposes from approximately 1.4 million acres in Texas, Louisiana,
Georgia and Alabama and about 20,000 acres of groundwater leases in
central Texas. Forestar’s address on the World Wide Web is www.forestargroup.com.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of
the federal securities laws. Forward-looking statements are typically
identified by words or phrases such as “will,” “anticipate,” “estimate,”
“expect,” “project,” “intend,” “plan,” “believe,” “target,” “forecast,”
and other words and terms of similar meaning. These statements reflect
management’s current views with respect to future events and are subject
to risk and uncertainties. We note that a variety of factors and
uncertainties could cause our actual results to differ significantly
from the results discussed in the forward-looking statements, including
but not limited to: general economic, market, or business conditions;
changes in commodity prices; opportunities (or lack thereof) that may be
presented to us and that we may pursue; fluctuations in costs and
expenses including development costs; demand for new housing, including
impacts from mortgage credit rates or availability; lengthy and
uncertain entitlement processes; cyclicality of our businesses; accuracy
of accounting assumptions; competitive actions by other companies;
changes in laws or regulations; and other factors, many of which are
beyond our control. Except as required by law, we expressly disclaim any
obligation to publicly revise any forward-looking statements contained
in this news release to reflect the occurrence of events after the date
of this news release.